Icahn Amends CVR Partners Stake Filing

TL;DR

Icahn updated his CVR Partners filing on 8/19. Watch this space.

AI Summary

Carl Icahn, through various entities including Icahn Enterprises L.P., has filed an amendment to their Schedule 13D concerning CVR Partners, LP. The filing, dated August 19, 2024, indicates a change in beneficial ownership. Icahn Enterprises L.P. is a significant entity involved in the reporting.

Why It Matters

This filing signifies a potential shift in control or influence over CVR Partners, LP, which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions, introducing uncertainty.

Key Players & Entities

• Carl Icahn (person) — Filer and beneficial owner
• Icahn Enterprises L.P. (company) — Filing entity and group member
• CVR Partners, LP (company) — Subject company
• CVR ENERGY, INC. (company) — Group member

FAQ

Key Financial Figures

• $1.5 million — requiring it to pay a civil penalty of $1.5 million and to cease and desist from violations
• $500,000 — requiring him to pay a civil penalty of $500,000 and to cease and desist from committing

Filing Documents

• tm2421713d4_sc13da.htm (SC 13D/A) — 27KB
• 0001104659-24-090938.txt ( ) — 29KB

Identity and Background

Item 2. Identity and Background

of the Initial 13D is hereby amended and

Item 2 of the Initial 13D is hereby amended and supplemented as follows: On August 19, 2024, Icahn Enterprises L.P. (“IEP”) and Carl C. Icahn entered into settlement agreements with the U.S. Securities and Exchange Commission (the “SEC”), in connection with its inquiry previously disclosed by IEP. In connection with that settlement, the SEC entered an order in an administrative proceeding that contains non-scienter based findings that IEP failed to disclose in its Forms 10-K for the years 2018, 2019 and 2020 that Mr. Icahn pledged IEP securities as collateral to secure personal margin loans as required by Item 403(b) of Regulation S-K. The order relating to Mr. Icahn contains non-scienter based findings that, while Mr. Icahn’s prior Schedule 13D filings generally disclosed that he had pledged IEP depository units as collateral for personal margin loans, subsequent Schedule 13D filings were not amended to describe loan agreements and amendments to loan agreements or to attach guarantees as required by Items 6 and 7 of Schedule 13D. Without admitting or denying the SEC’s allegations (other than with respect to the SEC’s jurisdiction), under the terms of the settlements, (i) IEP consented to the entry of an order requiring it to pay a civil penalty of $1.5 million and to cease and desist from violations and any future violations of Section 13(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 13a-1 thereunder, and (ii) Mr. Icahn consented to the entry of an order requiring him to pay a civil penalty of $500,000 and to cease and desist from committing or causing any violations of Section 13(d)(2) of the Exchange Act and Rule 13d-2(a) thereunder. SIGNATURE After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: August 19

View Full Filing

View this SC 13D/A filing on SEC EDGAR